A plan for retirement – is it really that important?

Older Executive Woman Contemplating, perhaps about her plan for retirement.One in four people intend to retire in the next ten years, yet few have a plan for retirement which includes the non-financial aspects. As such, they do not have a clear idea of what their life in retirement will look like.

According to a recent survey, 53% of American retirees had done “hardly any” leisure time planning for the next twelve months. Further to that 77% reported they had done no planning for the next five years and 84% had not thought ten years ahead.

I don't have time to plan for retirement!

You’re sick of deadlines, squeezing in gym sessions in your lunch break and doing housework on the weekends. Relaxing and taking it easy is what appeals to you. Without a doubt, a less structured life is one of the great benefits of saying goodbye to the nine-to-five.

You may also be thinking “I barely have time to plan our meals for the week, let alone my life in ten years’ time”. Most likely you know the goals of your kids, grandchildren and elderly parents, but as for your own dreams? You draw a blank …

Rest assured you’re not alone in not having a plan for retirement. But that doesn’t mean that planning is not important. With life expectancy on the increase, most of us can expect a retirement of 20-30 years in relatively good health. That’s another third of your life ahead of you. This is far too long to simply kick back on the recliner and navel gaze.

Without a plan for the social and well-being aspects of life after work, however, there are risks. These include drifting aimlessly, becoming isolated and getting cranky at the world. As such, retirement can become a long, lonely and bleak journey.

“Do one thing today that your future self with thank you for.” – Anonymous

Simple retirement planning action to take today

Creating a plan for retirement does not need to be a difficult or time-consuming activity. A great starting point is to grab a cup of coffee (or wine!), pen and paper, and a cozy spot.

Ask yourself a couple of key questions

  • How do I want to spend my days?
    • What interests and activities light me up (not how do I think I should be spending my days!)?
  • What does my significant other want out of retirement? Are our plans in sync?
  • Who do I want to spend my time with?
    • Who are the people that inspire me (not drain me)?
  • How do I want to be remembered by family, friends and the community around me?
  • Are there any non-negotiables that I need to consider? These might include caring for an elderly parent or living nearby to grandchildren?

What is the value of these few questions, you might ask? A recent client appreciated that she was forced to ponder things that she was trying to avoid. Namely the divergent views on retirement that her husband and she held. One she had her thoughts down on paper, they were then able to have a meaningful conversation. They explored how to build a retirement that was fulfilling to both of them.

Talk with your significant other

Most importantly, recognize that the transition into retirement rarely occurs in isolation to the goings-on around you. Talk with your significant other(s) about your dreams, including the fears and the possibilities. This might be your spouse, partner, family member or friend. Determine how you can support each other and ensure that your goals are in alignment for a retirement that you’ll love to live!

Megan Giles Retirement Transition Consultant supports those approaching retirement to successfully transition and create a retirement they will love to live! For more tips, advice and practical resources visit www.megangiles.com.

To truly rock your life after work, be inspired by the Rock Your Retirement podcast.

Help Your Parents Find a Safe Place to Live #004

What are the things we need to consider in finding a safe place for our parents to live? Mitch Au will be talking about this in today's podcast. You can listen to the show at http://rockyourretirement.libsyn.com/help-your-parents-find-a-safe-place-to-live-episode-004

Help Your Parents Find a Safe Place to LiveMitch Au is very close to his family.  His own grandmother had Alzheimer's disease, and he watched her suffer for 20 years.  His family is most important to him, so when his aunt and uncle needed a break, additional family intervention was needed.  Because of this, he moved to help with the caregiving and to give his aunt and uncle some respite care when they needed a break.  During this time he learned a great deal about caring for the elderly.  His aunt had a 24 hour care giver and was able to stay in her own home.

This was when he first learned about how to help your parents find a safe place to live (or grandparents as the case was here).

Mitch and I discussed the differences between having a 24 hour caregiver and having more social interaction through senior living or adult day care facilities.  Your parent's own home may be safe, but it might not provide the social interaction that a loved one needs.

Due to the experience with his grandmother, he realized that he really liked the senior care industry.  Mitch went into business for himself and opened a couple of board and care homes.  Highly regulated, these homes must be certified with an RCFE (residential care facility for the elderly) and licensed.

During the day he had two caregivers and a cook in each facility.  There was also “awake” staff 24 hours a day in each business.  Both of the homes were in Arizona, and they found out that moving from San Diego to Arizona was too much of a culture shock, so they moved back to San Diego.   It's tough to move from perfect weather to anywhere other than San Diego!

He moved back to San Diego for the perfect weather, and normally works with the adult children, grandchildren, nieces, nephews, or friends of elderly adults who are no longer safe to live at home.  He helps you help your parents find a safe place to live.  The organization that he works for is called “A Place for Mom,” which is a national placement agency that can help your parents find a safe place to live.

Many people call when they are in crisis, but you don't have to wait until they are a crisis to start speaking with them about their living situation.

One benefit of working with Mitch is that he can help your parents find a home even if they do not live in the same state you live in.

Listen to today's episode to find out more about your options for Senior Living Communities and also Home Care.

This article on Retirement Lifestyle first appeared on http://RockYourRetirement.com. ©2016-2017Help Your Parents Find a Safe Place to Live

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